Norway's contribution of USD 127 million towards the purchase of a Patriot system for Romania demonstrates "not only its firm support for Romania, but also its commitment to allied security," Romania's Defence Minister Angel Tilvar said on Tuesday.The Norwegian government's decision to contribute significantly toward this acquisition was announced at the Meeting of the Council of Nordic States in Reykjavik, which takes place until Thursday, according to Romania's Ministry of National Defence (MApN)."We continue to stand together with Ukraine in these critical moments," Tilvar is quoted as saying.This financial contribution is part of the Immediate Action on Air Defence Initiative coordinated by Germany and will allow Romania to strengthen the security and defence of the Euro-Atlantic space by renewing and expanding its air defence capabilities.MApN says that this close cooperation between Romania and Norway reflects the common and unwavering commitment of both nations in the face of current security challenges, as well as their continued support of Ukraine against the Russian Federation's unjustified aggression.Romania recently donated a Patriot system to Ukraine.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a preliminary turnover of 285.5 million euros in 2024, gross profit of 88.6 million euros, while the net profit for the year stood at 76.7 million euros. “Over the past five years, One United Properties has transformed from […]
Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value. Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec […]
E.ON Energie Romania completed the construction of a 655 kWp installation in Timişoara for Continental Automotive, one of the largest developers and manufacturers of innovative systems in the automotive sector. The project involved the installation of a photovoltaic system consisting of 1,440 solar panels that will provide almost 715 MWh of renewable electricity for Continental […]
Romanian state-controlled natural gas producer Romgaz will launch the first offers to household customers in the third quarter of this year, according to the company's CEO, quoted by Economica.net. Contracting the IT system required to manage the household customers' accounts is already...
Romania's hydropower group Hidroelectrica (BVB: H2O) will increase the price of electricity supplied to its existing or new residential consumers by 60% starting April 1, according to Profit.ro. The final price per kWh, including transport,...
In 2024, the state paid to households RON 1.16 billion as interest for the government bonds issued under the Tezaur scheme and RON 748.6 million for the bonds issued under the Fidelis scheme, according to data provided by the Ministry of Finance to Cursdeguvernare.ro. ...
